It’s no secret that millions of Americans are struggling more today than they were prior to the pandemic. When one assesses metrics like consumer sentiment through the lens of individuals on the lower rungs of the socioeconomic ladder, the impact becomes immediately clear. What is often less clear is exactly what lengths Americans are going
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Buy the dip or sell the rip? Technicals are clear as mud. The Market Ear. SPX technicals SPX has so far bounced on the 50 day, but this is not a very impressive bounce. Note we reversed 50% of Friday’s candle so far today. 6600 is the short term must hold level (50 day is
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RIO this morning. Iron ore: Pilbara achieved its second highest Q3 shipments since 2019, up 6% from Q2. As part of our Iron Ore replacement strategy, West Angelas Sustaining Project received all Government approvals in October. • At the end of Q3, we had around 1.5 Mt of stockpiled ore at the SimFer mine gate.
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It is critical to understand Australia’s immigration policy in a historical context. During the first 60 years following World War II, Australia’s net overseas migration (NOM) averaged 90,000 per year, with only two years exceeding 150,000. In the 15 years of ‘Big Australia’ immigration preceding the pandemic, NOM averaged 220,000 per year, a 145% increase
As the base falls away, the structure rises ever higher. This is the pivot to Palestine in geopolitical terms. The Palestinian conflict has never been less relevant to everybody on earth. The great oil wars of the post-1970s period are over. The rise of US shale and non-OPEC oil has destroyed the geopolitical importance of
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Stats NZ released migration data, revealing that only 10,600 net overseas migrants arrived in New Zealand in the year to August. This net migration gain was far below the decade average of 49,000 and around 125,000 fewer than the late 2023 peak. The fall in net overseas migration has been fueled by the exodus of
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The ferrous complex is not making much sense these days, which is in line with the increasingly drunk casino engulfing everything. Iron ore took off on the prospect of Chinese economic catastrophe, then reversed the moment it was averted. Steel just keeps grinding lower. CISA data for late September was terrible, down 8%, with a
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Colonel Jacques Baud criticizes Ukraine’s battlefield and political strategy, arguing that Kyiv continues to sacrifice troops through rigid positional warfare rather than adapting to Russian maneuver tactics. He explains that Russia focuses on destroying enemy forces, not capturing territory, often withdrawing strategically to lure Ukrainian troops into artillery traps — a pattern consistent since late 2022.
Bureaucracy and waste are drowning the state of Victoria. Victoria’s wage bill was $19.5 billion in 2014-15. The most recent state budget projects that wage costs will reach roughly $44 billion by 2028-29. The massive blowout in bureaucratic headcount is behind Victoria’s gargantuan wage bill. Labor costs are the state’s biggest expense and a key